Traders: Watch out this weekend!
Submitted by Michael Nystrom on Thu, 04/16/2009 - 10:28
in
This one is for my friends who are traders, market watchers, economic news junkies and general conspiracy theorists. This is the story of Martin Armstrong, who some of you may have heard of. If not, you're in for a treat with this story. I've been following it for a couple of years now, and it is fascinating.
http://www.moneyweek.com/news-and-charts/a-forecaster-you-ca...
Comments appreciated. Which market will be the one that turns? Note gold is falling off a cliff at the moment - down 15. What Big Mike calls a "Centipede drop" - after the 1980's video game. Anyone who's played it will get the reference ;)
gold is not falling off a
gold is not falling off a cliff.. down 11.60 at the moment.. however.. I do expect to see a sell off in the metals at some time so jpmorgan and one other US bank can liquidate their short position as they know that Gold and silver will skyrocket in the future.. some people on here say ..oh gold is going to crash.... blah blah blah.. but nobody can explain why it would crash when demand has never been this high and there are shortages of coins and metal.. The reason why is because paper spot price is rigged byt the big banks.. those who are stealing from us blind with trillions of dollars of bailout money, are also stealing us blind by being in collusion in rigging the metals markets.. 2 US BANKS CONTROL 98% OF THE SHORTS IN SILVER.. The hunt brothers only controlled 10% of the market in silver in 1980 when the US government came down on them?? why are they not coming down on jpmorgan? why because the bankers own the government.. I agree we will see a sell of in metals.. but if you think you are going to come in and majically scoop up gold eagles or any other coin on the cheap you better think again.. there is a shortage.. there will be no more supply of those coins then there is now. Some of you cannot get it figured out that the spot price is a lie..
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
Figures too, Lol,
I was going to short yesterday but thought I'd wait until today to see what it did. Missed that ride. : (
Become a fan: www.facebook.com/dailypaul
Very interesting, indeed.
Perhaps a turn in the financial sector is imminent with how many trillions of U.S. $s recently created?
SPX May Options
Over 40k of the may 650p traded today around the open in the spx options pits in chicago... paper was a buyer... it is the largest trade i have seen in a long time and it is a bearish trade....
they just
bot 20k more may 650p in the spx options
Total put buys
now stand at over 100 million dollars worth of downside puts.... that is a very large position someone is putting on...
Nice. In the article it mentioned a BIG bankruptcy,
was this it or is there more to come? Stay tuned.....
"General Growth Properties, the second largest U.S. mall owner, filed for bankruptcy protection on Thursday in one of the biggest real estate failures in U.S. history.
Ending months of speculation, the Chicago-based mall owner, which listed total assets of $29.56 billion and total debts of $27.29 billion, sought Chapter 11 bankruptcy protection from creditors along with 158 of its more than 200 U.S. malls, while it seeks to restructure some of its debt."
More..... http://www.cnbc.com/id/30239789
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"Those who make peaceful revolution impossible will make violent revolution inevitable."
John F. Kennedy
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"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy